Last Updated: 04/18/2025
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Highlights
Amount Range
$5,000 - $60,000
APR (Fixed APR)
4.49% - 13.99%(Verified 06/21/2024)
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Credit Score Range
300 - 850
Loan Term (Months)
12 - 60
Boro Auto Loan Review
Boro Auto Loan is offered by Westbon Inc., a direct lender founded in 2015 and based in Chicago, IL. Boro are available in 31 states.
Boro FAQ
How much can you borrow via Boro?
Boro loan amounts start at $5,000 and go up to $60,000.
What APR does Boro offer on its car loans?
Boro offers a fixed apr car loan product that ranges from 4.49% APR up to 13.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with Boro?
Boro has car loans with terms ranging from 12 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does Boro charge an origination fee?
Yes, Boro may charge a loan origination fee of 0% to 1.99% of the auto loan amount . Boro deducts the fee directly from your auto loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Boro charge a late fee?
Yes, Boro charges borrowers with a late payment penatly fee of up to $15
Does Boro charge prepayment fees?
No, Boro will not charge you a fee for paying your loan early. Whenever possible choose lenders like Boro that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my Boro loan?
Yes, you can. Boro does not charge a prepayment fee, so you can save money by paying your car loan early.
What do you need to qualify for Boro Auto Loan?
When it comes to credit scores, Boro Auto Loan doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Boro Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Boro Auto Loan. An uncommon feature is for lenders to offer their services to non-residents. Westbon Inc. is one of the few that does.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Driver's license or other government photo ID
What is the estimated funding time for a car loan via Boro?
Boro will typically fund the car loan within 2 business days of approval.Does Boro Auto Loan report your account activity to credit bureaus?
Yes, Boro Auto Loan reports to the following credit bureaus:
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Westbon Inc. perform a hard credit pull?
Yes, Boro performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is Westbon Inc. a legit company?
Westbon Inc. was founded in 2015, it is a well-established company that has been in business for 11 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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9:00AM - 5:00PM
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